Industry Veterans Raymond Alimurung, Napoleon Nazareno, and Alexander Cabrera Join PayMongo as Independent Directors

Filipino fintech has announced the appointment of three industry titans as the newest Independent Directors to join its board: Raymond Alimurung, former CEO of Lazada; Napoleon Nazareno, former CEO of PLDT; and Alexander Cabrera, Chairman Emeritus of PwC Philippines.

"Having Ray Alimurung, Polly Nazareno and Alex Cabrera join our board is a tremendous gain for PayMongo. Their presence as Independent Directors brings to the board a broad set of skills, expertise, and experience that will guide the company in navigating complicated obstacles and identifying new opportunities,” says Jojo Malolos, CEO of PayMongo, who joined the fintech earlier this year after co-founding GoTyme Bank. 

Considered one of the most successful fintechs to come out of the Philippines, PayMongo’s significant new additions mark a turn for the young startup as it welcomes industry veterans into its fold. 

Alimurung, who recently joined Philippine investment firm Kaya Founders, was a key figure in Lazada’s local growth and the growth of the Philippines’ e-commerce market as a whole. The tech veteran brings over two decades of expertise in e-commerce and digital transformation.

Meanwhile, PayMongo also welcomes Nazareno, a telco veteran who brings a wealth of experience as the former CEO of PLDT. The former telco boss will guide PayMongo’s board on all matters related to technology and business expansion.

The last Independent Director to join the board is Cabrera, a prominent figure in the accounting and legal professions. Best known for being the Chairman Emeritus of PwC, Cabrera brings decades of experience in business strategy, corporate governance, and finance to the board.

Also sitting on the board are CEO Jojo Malolos, former COO Isabel Ridad, and PayMongo co-founder Luis Sia.